QuantGate Systems Inc. (QGSI)

[mrgnfreeman]

regarding the convertible notes, the ones you think are due in 2022/2023 rolled over to the "senior convertible notes."

they state specifically those notes "have a conversion price set at a 20% discount based on the first 10VWAP once the Company receives approval to list its common shares on the OTCQB"

From what I'm reading. they've agreed to not convert until the company is listed on the QB, and then only at a 20% discount to the 10VWAP. Those are actually incredibly favorable terms in my opinion. especially if youre comparing it to the rest of the OTC